Oil and gas extraction employment in the U.S. fell to 114,500 in June 2026, the second-lowest on record, as major producers like Chevron, ExxonMobil, BP, ConocoPhillips, and Imperial Oil announced significant job cuts despite record production levels.
OilPrice07/18, 10:00 PM
- 9,000 jobs
- a fifth of its global workforce
- the $53 billion Hess deal
- 2,000
Figures as quoted by OilPrice
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